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    Home > Chemicals Industry > International Chemical > Bayer sells pest control business for 2.4 billion euros

    Bayer sells pest control business for 2.4 billion euros

    • Last Update: 2022-04-24
    • Source: Internet
    • Author: User
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      German pharmaceutical and chemical giant Bayer announced on March 10 that it has agreed to sell its pest control business to private equity firm Cinven for $2.
    6 billion

    The transaction is expected to close in the second half of this year


      Bayer said the deal will simplify the crop science unit's portfolio and ensure it is more focused on its core agricultural business

      Bayer's Pest Control business provides environmental solutions for the control of pests and weeds in non-agricultural sectors such as vector control, professional pest management, vegetation management, forestry, turf and ornamental plants
    In 2021, approximately 800 employees support operations and sales in more than 100 countries

    Headquartered in North Carolina, USA

    Bayer announced the spinoff of the business in February 2021


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